NewStats: 3,261,028 , 8,172,938 topics. Date: Wednesday, 28 May 2025 at 05:41 AM 1g5bi

emmasoft:


If it has already been confirmed that the files are not too large, you may want to check your network. Submitting the form requires very good connectivity. You can even try at odd times when there is little traffic.

Alternatively, chat me up

They've responded to my mail and I've been able to resolve the issue.
Thank you.

eroworld:
Treasury bill or Market Funds,which is a safer investment for someone in the diaspora.

And which banks would you recommend for an investments worth 1B naira. I wanna spread these investments in different platforms for capital preservation and mitigate the risk

Both MMF and Treasury bills are safe for capital preservation and with that sort of your 1 billion capital, you would be a whale investor in the pool of 5k to 100 million Naira plus investors.

My suggestion to you is: Invest 300 Million in MMF, At whatever interest percent it pays quarterly, you will be guaranteed to live a good life.

2 - Buy 365 days T.Bills for 12 months straight, 30 million Naira worth of TBills each month, by so doing, You can always get paid every month, provided you keep reinvesting your capital. You will always earn every month. 30M*12 =360M

3 - Buy sure Dividend paying stocks to the tune of 200M (Both local and Foreign stocks) but foreign preferably as it's could also be a way to hedge against Naira inflation.

4- With the 140 million left, Get a property around Ikeja or other metropolitan part of Lagos accessible by good road or on the Island. Style and furnish the apartment for short let/airBNB business.

Rhyah:


Well done sir. No doubt that you're doing well for yourself but don't forget that we all have that financial level/living standard which we call our lower limit, below which we feel broke or 'poor'. It's different for everyone.

It's not pride...it's just a standard of living we've all set for ourselves. Some of us just don't want to 'survive', we want to 'live' and don't mistaken living to extravagant life...they're are different. I believe the guy wants to live than just survive in Nigeria.

Thank you for differentiating between survival income and standard of living income.

However you didn't answer the original poster question whether N5m quarterly income is enough for his family if they relocate to Nigeria. Kindly throw more light on that

galantjoe:


Thank you for differentiating between survival income and standard of living income.

However you didn't answer the original poster question whether N5m quarterly income is enough for his family if they relocate to Nigeria. Kindly throw more light on that

I can't decide for the poster as I can't tell the kind of life he may choose to live in Nigeria, where he wants to reside, the kind of school he wants his children to attend, his taste of healthcare services (insurance inclusive), his standard of good entertainment, his dependents asides his nuclear family and a whole lot more.

The OP best knows what he wants. But it's good to know that people survive with even lesser amounts.

He plans not to work I read...so that's like 20M per year. For some, this is a lot of money and for some others it may be otherwise.

Rhyah:


I can't decide for the poster as I can't tell the kind of life he may choose to live in Nigeria, where he wants to reside, the kind of school he wants his children to attend, his taste of healthcare services (insurance inclusive), his standard of good entertainment, his dependents asides his nuclear family and a whole lot more.

The OP best knows what he wants. But it's good to know that people survive with even lesser amounts.

He plans not to work I read...so that's like 20M per year. For some, this is a lot of money and for some others it may be otherwise.

Let’s keep in mind that interest rates won’t remain at the current level indefinitely. In fact, they could drop to 10% or even lower in the future. 3 years ago, stanbic MMF rates were around 9% or so. I think it’s wise to always plan based on worst-case scenario basis…

Neurotika:


Let’s keep in mind that interest rates won’t remain at the current level indefinitely. In fact, they could drop to 10% or even lower in the future. 3 years ago, stanbic MMF rates were around 9% or so. I think it’s wise to always plan based on worst-case scenario basis…

That is why he should go for Savings bonds or long term bond instead.

Neurotika:


Let’s keep in mind that interest rates won’t remain at the current level indefinitely. In fact, they could drop to 10% or even lower in the future. 3 years ago, stanbic MMF rates were around 9% or so. I think it’s wise to always plan based on worst-case scenario basis…

If inflation is going up, interest rate ought to increase too. I think inflation is a contributory factor to increase in interest rate from 7.5% to as high as 26% for some assets management over the years. Because inflation will definitely keep rising & if interest rate keeps falling in the future with inflation rise, because inflation is making naira itself lose so much value, coupled with decrease in interest rate. I wonder what type of investment this would be.

jayce232:

If inflation is going up, interest rate ought to increase too. I think inflation is a contributory factor to increase in interest rate from 7.5% to as high as 26% for some assets management over the years. Because inflation will definitely keep rising & if interest rate keeps falling in the future with inflation rise, because inflation is making naira itself lose so much value, coupled with decrease in interest rate. I wonder what type of investment this would be.

Theoretically this works under ceteris paribus but in reality, it all depends on monetary policy. The last istration didn’t go hawkish even as inflation spiked. For instance back in October 2022, Stanbic’s MMF yield was 7–8% while inflation hovered around 20%. Rate hikes have rarely kept pace with inflation. This istration has been more aggressive, but can you bank on that? A future government, or even this one, could flip and start cutting rates. That’s the risk…we’re at their mercy, so it’s smarter to stay conservative with long-term projections.

Neurotika:


Let’s keep in mind that interest rates won’t remain at the current level indefinitely. In fact, they could drop to 10% or even lower in the future. 3 years ago, stanbic MMF rates were around 9% or so. I think it’s wise to always plan based on worst-case scenario basis…

Your projection is correct for the future as regards MMF dropping. However, MMF in Nigeria will likely NOT drop to 10% in the future except there is a global pandemic like that of COVID when world economy tanked. Or Nigeria changes it currency from Naira to another currency.


The reasons for my opinion are:

1 - We all know Inflation drives high TBills and MMF rates, so inflation is a major factor.

2 - Inflation is persistent in Nigeria and hasn't been managed well until this current CBN government policies implementation seemingly doing well to reel in inflation which began in the first quarter of this year. Infact, the kind of inflation numbers we saw in the last quarter of last year was only seen in 1996. That was 28%.

3 - CBN did something last month. They rebased our currency. The last time our currency was rebased was in 2009. But CBN has now rebased to 2014.

With that rebasing, CBN cannot cut TBILLS rates anyhow as they will scare foreign investors off and Nigeria economy is very volatile. Just mere fuel scarcity can easily trigger inflation.

This is why I am very sure that MMF can never go back to 10%, the days of 10% are long gone unless another pandemic happens.

PLEASE WHICH IS THE BEST NAIRA MONEY MARKET MUTUAL FUND BASED ON RATES
;

Munny30:
PLEASE WHICH IS THE BEST NAIRA MONEY MARKET MUTUAL FUND BASED ON RATES
;

Currently, the MMF rate ranges from 19% to about 23% within the industry.
You can go with Norrenberger at 22.33%

Find attached the opening form for Norrenberger MMF.

Get in touch if you need details.

A305:
Your projection is correct for the future as regards MMF dropping. However, MMF in Nigeria will likely NOT drop to 10% in the future except there is a global pandemic like that of COVID when world economy tanked. Or Nigeria changes it currency from Naira to another currency.


The reasons for my opinion are:

1 - We all know Inflation drives high TBills and MMF rates, so inflation is a major factor.

2 - Inflation is persistent in Nigeria and hasn't been managed well until this current CBN government policies implementation seemingly doing well to reel in inflation which began in the first quarter of this year. Infact, the kind of inflation numbers we saw in the last quarter of last year was only seen in 1996. That was 28%.

3 - CBN did something last month. They rebased our currency. The last time our currency was rebased was in 2009. But CBN has now rebased to 2014.

With that rebasing, CBN cannot cut TBILLS rates anyhow as they will scare foreign investors off and Nigeria economy is very volatile. Just mere fuel scarcity can easily trigger inflation.

This is why I am very sure that MMF can never go back to 10%, the days of 10% are long gone unless another pandemic happens.

I get your argument and it makes sense, but investors don’t have the cards. The desired outcome is dependent on the things I’ve mentioned earlier. Check my last response. Forever is a pretty long time….

Good Afternoon Senior Investors.

How do one update KYC on Stanbic MMF ?

I opened the yesterday via online but there is some inconsistency I would like to correct, I'm currently skeptical in funding the as result of that.

According to the email I got, I will need to fund the before my details will be sent. With this details, is it possible to do update on informations? .

Thank you as you respond.

I think any request for KYC changes has to be sent via email.
Not sure you can update via the app.


cc.. Emmasoft

Pierce008:
Good Afternoon Senior Investors.

How do one update KYC on Stanbic MMF ?

I opened the yesterday via online but there is some inconsistency I would like to correct, I'm currently skeptical in funding the as result of that.

According to the email I got, I will need to fund the before my details will be sent. With this details, is it possible to do update on informations? .

Thank you as you respond.

enque:
I think any request for KYC changes has to be sent via email.
Not sure you can update via the app.


cc.. Emmasoft

@Pierce008, please note that once an has been opened, any changes you are going to make has to be done via the customer update form especially if the changes involve Name, Phone number, Bank , or any similar fields.

Don't be scared to fund your so long as your e- number has been sent, nothing to worry about. Fund your and then request for customer update form, with the form, you can change whatever you wish to change.

enque:
I think any request for KYC changes has to be sent via email.
Not sure you can update via the app.


cc.. Emmasoft

Thank you. God bless

emmasoft:


@Pierce008, please note that once an has been opened, any changes you are going to make has to be done via the customer update form especially if the changes involve Name, Phone number, Bank , or any similar fields.

Don't be scared to fund your so long as your e- number has been sent, nothing to worry about. Fund your and then request for customer update form, with the form, you can change whatever you wish to change.

Thank you. I appreciate your .

How can I request for this customer update form, via email or there's a another channel for this?

Pierce008:



Thank you. I appreciate your .

How can I request for this customer update form, via email or there's a another channel for this?

Send a mail to customer care to request the form.

I want to redeem from FBN Quest on the app but it's asking for PIN...I can't setting up any PIN at the onset.

Can this redemption be effected via email too?
Does email work for GTB as well?

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Uberchic1:


Did you eventually try Zedcrest Wealth or get info about their mmf?

So I decided to try Zedcrest Wealth myself to check out their mutual funds. They offer naira and dollar savings, and treasury bills as well. But my main interest was the mutual funds. And so far they offer a Money Market Fund, and a Fixed Income Fund.

The money market fund has fair interest rate and was above 22% since I put some money in it. Was at 23.44% when I invested, and is at 22.90% today. Was 22.18% yesterday.

Then I tried their fixed income fund out of curiosity cos it had 9.62% YTD. Oh boy, since I funded that one, the money just kept decreasing and increasing slightly but never went above what I actually put there. And the YTD has dropped to 9.12%. So do that one at your own risk.

Now, where they shine. I was discouraged and sold my fixed income fund units. I lost just N23. The sale was instant. My wallet was credited immediately. And I immediately withdrew the funds into my ed bank and my gt was credited within 2 minutes. The whole process of selling my fixed income fund units and my funds entering my Gtb took nothing more than 5 minutes total. That was impressive to me cos some fund managers take a whole 24 hrs to process withdrawal.


Pros: instant sale of units, instant withdrawal, withdrawal can only be made into a commercial bank ed to your bvn and in your own name. In all this since ing, I didn't have to customer care once. *Forgot to add, no top-up or withdrawal fee wen funding into or withdrawing your funds from your wallet.

Cons: omo, don't try their fixed income fund if you don't have high risk appetite abeg.

Anyway, wanted to share my review cos I can't find any customer reviews on zedcrest here.

Take note of the following before engaging a fund manager/stockbroker for any service

check the name using this link https://sec.gov.ng/cmos/

If the name is not displayed after the search, don't engage them,
regardless of the promised rate or services.
If the name appears, even if it's a new firm or not popular, it's legit.

For mutual funds, be sure to confirm if the following parties are
present for the fund you wish to invest in:

- the fund manager
- custodian bank
- trustees
- SEC

Note that having an app or being popular is not a criterion for knowing a legitimate firm.

Let's be well-guided.

Rhyah:
I want to redeem from FBN Quest on the app but it's asking for PIN...I can't setting up any PIN at the onset.

Can this redemption be effected via email too?
Does email work for GTB as well?

They should be a provision to set up security pin if not it won't require that from you now. You can still mail them that you have forgotten your security pin and a reset will be done for you.

Yes, email sure does work for them but it takes more time than the self service online. Redemption via email could sometimes take between 3 to 5 working days.

Recommendations for your consideration:

MMF

Norrenberger
First Ally
Stanbic

Dollar fund

Norrenberger - They also accept naira but returns is in dollars.

Fixed Income

SFS Fixed income fund -19.01%
Norrenberger Turbo Fund - 14.19%

Treasury Bills

First Ally
Investment one
Stanbic bluNest

Savings with a good rate

First Ally

Stockbroking

Investment One stockbrokers

Click the link on my signature or reach out to me if you want the services of these firms, get quick services, and a guide generally on investment.

Please help my ministry.

freeman67:


They should be a provision to set up security pin if not it won't require that from you now. You can still mail them that you have forgotten your security pin and a reset will be done for you.

Yes, email sure does work for them but it takes more time than the self service online. Redemption via email could sometimes take between 3 to 5 working days.

Thanks for your response. Settled everything via email and redemption was less than 24 hours...thanks

Your dollars should not be idle make it work hard for you

Invest in Norrenberger dollar fund at 10.33%

Use the attached form to start investing.

Why is Stanbic IBTC MMF going down everyday?

It is at 20.72% now

Onyiridike:
Why is Stanbic IBTC MMF going down everyday?

It is at 20.72% now

Hmmm, I feel stanbic is taking advantage of its market dominance because moving funds across MMFs is a hassle. Investors should be able to transfer funds directly between MMFs without first withdrawing to a bank . The main hurdle is settlement, but a T+1/T+2 system or a central clearing mechanism could fix that. If SEC allows seamless transfers, competition will force fund managers to keep rates competitive. Meanwhile anyone with the rates of other MMFs (especially Bank d ones) should pls share.

Neurotika:


Hmmm, I feel stanbic is taking advantage of its market dominance because moving funds across MMFs is a hassle. Investors should be able to transfer funds directly between MMFs without first withdrawing to a bank . The main hurdle is settlement, but a T+1/T+2 system or a central clearing mechanism could fix that. If SEC allows seamless transfers, competition will force fund managers to keep rates competitive. Meanwhile anyone with the rates of other MMFs (especially Bank d ones) should pls share.

You are right

Neurotika:


Hmmm, I feel stanbic is taking advantage of its market dominance because moving funds across MMFs is a hassle. Investors should be able to transfer funds directly between MMFs without first withdrawing to a bank . The main hurdle is settlement, but a T+1/T+2 system or a central clearing mechanism could fix that. If SEC allows seamless transfers, competition will force fund managers to keep rates competitive. Meanwhile anyone with the rates of other MMFs (especially Bank d ones) should pls share.

All sec ed. Prices today:

TrustBanc mmf 21.11%
United Capital 21.29%
Fsdh's Coral mmf 22.33%
Afrinvest plutus 18.88%
Meristem mmf 21.27%
ARM money mf 22.72%
Stanbic ibtc mmf 21.02%
Vetiva money mf 21.13%
Zedcrest wealth 21.68%
Cowrywise mmf 22.87%


This is the lowest ARM has been in over a week now. It was 22.87 for 3 days straight a few days ago. Of course there are still so many not on this list.

Uberchic1:


All sec ed. Prices today:

TrustBanc mmf 21.11%
United Capital 21.29%
Fsdh's Coral mmf 22.33%
Afrinvest plutus 18.88%
Meristem mmf 21.27%
ARM money mf 22.72%
Stanbic ibtc mmf 21.02%
Vetiva money mf 21.13%
Zedcrest wealth 21.68%
Cowrywise mmf 22.87%


This is the lowest ARM has been in over a week now. It was 22.87 for 3 days straight a few days ago. Of course there are still so many not on this list.

Thank you

Uberchic1:


All sec ed. Prices today:

TrustBanc mmf 21.11%
United Capital 21.29%
Fsdh's Coral mmf 22.33%
Afrinvest plutus 18.88%
Meristem mmf 21.27%
ARM money mf 22.72%
Stanbic ibtc mmf 21.02%
Vetiva money mf 21.13%
Zedcrest wealth 21.68%
Cowrywise mmf 22.87%


This is the lowest ARM has been in over a week now. It was 22.87 for 3 days straight a few days ago. Of course there are still so many not on this list.

Norrenberger too, one of the best. It's been on 22%+ for months now.

22.63% as at today